Can somebody explain LLC's and How I should structure it. I've done some research and was told you can do that and then put it into a holding company and then put it into a Trust? Or maybe a corporation? I'm all over ...
I live in DC and want to rent out the house that I am living in today. It is my understanding that I cannot transfer the deed into a LLC without paying a huge transfer fee. Is there anything I can do to protect myself...
Below is the first draft of the business plan I created for REI.The final product will be created using liveplan.com to create a polished and professional looking plan.The only thing that I'm still working on and is m...
I already posted this but I fear I overexplained. I recently got a notice that because of "certain features" the insurance company's inspector found when giving my property the once-over, the valuation of my fairly st...
Hi fellow BP nation, I would like your opinion on this scenario. I am in discussion with a seller right now on an 8 unit property: (4) duplex's. The numbers work, and are as follows:Purchase price: $340,00025% down...
I know this is like asking "are peas good" and will get a lot of "it depends" answers, but here's the basic question:If your death (and subsequent lack of cash flow) will significantly affect your family and loved one...
Hello All!My name is Mike Chevalier, I'm a "new" [aspiring] investor in Rochester, NY. I've been reading BP blogs, forums, and listening to the podcast for the past couple years - learning, planning, and saving to be ...
Hello BP Community. I hope to be closing on my first Baltimore City investment property soon. I'm of course overwhelmed by all the various things I need to do get ready for a tenant. I'd like to query the very know...
I’m need need of assistance! I have a deal that supposed to close a month ago. Down payment and closing cost already wired to escrow. The Current lenders are dragging out the process asking for last minute documents w...
Hello everyone, this is my first post on BP and I hope to post more. I am a full-time college student in Scranton PA and I work part-time. Through investing in stocks and saving I have accumulated a little over $7k wh...